Real Estate Prices

I have not posted this data in several months.  The Moody's / REAL Commercial Property Price Index rose 2.4% in July, and is now up 7% from a year ago and 15% from its post-peak low in April of this year.  The share of distressed deals was the lowest portion (21.7%) of the index since January 2010.   The Bloomberg article linked to above provides data on other commercial real estate indexes for comparison:

Other property price indexes have showed a slowdown. CoStar Group Inc.’s National All Property Type Composite Index slipped 0.5 percent in August from the previous month, the Washington- based real estate data provider said Oct. 12. The index was down 3.6 percent from a year earlier and is 34 percent below a peak reached in 2007.

Green Street Advisors Inc., a real estate research company in Newport Beach, California, reported commercial property values were unchanged in September from the previous month and advanced 15 percent from a year earlier. Prices are down 9 percent from their August 2007 peak, the company said Oct. 6.

Green Street’s index is weighted by asset value and includes deals that are in negotiation or under contract.

This was a positive report.